T1 Energy (TE) Research & Development (2023 - 2024)
T1 Energy's (TE) quarterly Research & Development came in at $8.6 million in Q3 2024, up 21.59% YoY from $7.1 million in Q4 2023, and down 17.89% on a QoQ basis from $10.5 million in Q2 2024.
T1 Energy (TE) Research & Development (2023 - 2024) Analysis & Trends
T1 Energy (TE) has 2 years of Research & Development data on file, last reported at $8.6 million in Q3 2024.
- Quarterly Research & Development rose 21.59% year-over-year to $8.6 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $41.0 million (changed N/A YoY) and the FY2023 annual result came in at $28.5 million, up 109.64% from the prior year.
- Research & Development fell to $8.6 million in Q3 2024, from $10.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $11.7 million in Q1 2024 to a low of $4.8 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.89 Bn | 97.78 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 58.81 Bn | 56.14 Bn | 355.57 Mn | 58.87 Mn |
| 3 | nVent Electric | 25.13 Bn | 24.87 Bn | 558.00 Mn | 24.50 Mn |
| 4 | Hubbell | 25.07 Bn | 24.67 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.22 Bn | 9.81 Bn | 236.10 Mn | 65.00 Mn |
| 6 | Acuity Inc. (De) | 10.39 Bn | 9.98 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.22 Bn | 6.59 Bn | 95.30 Mn | 4.30 Mn |
| 8 | EnerSys | 6.96 Bn | 6.42 Bn | 313.36 Mn | - |
| 9 | Hayward Holdings | 3.21 Bn | 2.72 Bn | 155.05 Mn | 7.67 Mn |
| 10 | T1 Energy | 1.24 Bn | 1.03 Bn | 49.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 8.62 Mn |
| Jun 30, 2024 | 10.49 Mn |
| Mar 31, 2024 | 11.75 Mn |
| Dec 31, 2023 | 10.16 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 6.37 Mn |
| Mar 31, 2023 | 4.84 Mn |